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LEONES
Jul 19, 2015 7:28 PM

USD / Chinese Yuan bearish posture Short

U.S. Dollar/Chinese YuanFXCM

Description

USD / Chinese Yuan weekly chart - bear flag projecting to 6.11435 support. Look for short opportunities. Probability L (Low)
Comments
IvanLabrie
Looks good.
LEONES
yes very interesting!
LEONES
it's low risk trade, I'll probably trade this one even before the breakout..
IvanLabrie
I'd sell if it hits 6.19686 this week.

Your target looks good, I'd aim for 6.11598 with a stop at 6.20731.
It's a shame I can't trade this pair, great setup.

I just spotted this, let me know what you think:

IvanLabrie
(yours is at least an 8:1 trade!)
LEONES
I had i look, I'm not sure about this one, it seems a strong bull trend ready to resume
IvanLabrie
Trust me, if it breaks down and hits that price this week, it'll fall.
IvanLabrie
(usdcnh at least)
LEONES
usdcnh is a great pattern - your entry is safe but I'll probably anticipate, looks good to short even now. Above 6.2285 the stop
IvanLabrie
I demand that confirmation for entry, in this kind of setup probability is really high with my parameters.
Might work now as well, but I don't have a clear stop loss location before the move begins.
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